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Tuesday, October 10, 2006 11:04:47 PM
This is actually very cool..because I love the weekly...
I'll explain why...
You have one huge white candle...followed by tiny bite-size red-candles...why not a full retraction? Especially note the huge volume...who's buying? I mean...record volume week after week...someone has to be buying no?
This looks more like a bull-flag consolidation on the weekly (just like late August)....
Last and MOST importantly...check the ADX (I love the ADX because it has made me 6-figure profits this year):
+di (30) > ADX (26) > -di (15).
I can show you over 100 huge runs that had this ADX setup on the weekly before they ran...but that's just IMO...
I've been wrong before...;)
Penny_TA's Technical Plays:
http://www.investorshub.com/boards/board.asp?board_id=7244
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